CLIFTON, NJ, May 05, 2010– Electronic Control Security, ECSI, a global leader in entry control and perimeter security systems, today announced it had submitted proposals totaling $6.6 million for its Entry Control Portal (ECP) and Infrared Perimeter Intrusion Detection (IPID(R)) systems. Arthur Barchenko, President and CEO of ECSI, stated, “The proposals were submitted in response to requests originating from seven of our nuclear power station customers in the U.S. based on our past performance in supplying both our technology and the support services required for these facilities. Further, the Company’s ECP and IPID(R) perimeter systems have been proposed for two task orders issued by the U.S. Navy.”
“Our ECP and IPID(R) technologies have been selected to strengthen the overall security for seven nuclear power stations by replacing our competitors’ technology on the existing perimeters and to secure certain naval facilities. All of these highly-sensitive installations are required to achieve the tightest security possible in view of the increased threat levels that have been evidenced recently. We are particularly delighted to have had the opportunity to submit these proposals based on our existing customers’ past experience and recommendations.”
Mr. Barchenko further stated, “The nuclear and military markets continue to be major growth areas for ECSI now and in the years ahead. This is based on our current position as a technology supplier and support service provider to the nuclear and DoD markets.”
About ECSI
ECSI is a global leader in perimeter security and a quality provider to the Department of Defense, Department of Energy, nuclear power stations, and other large commercial-industrial complexes. The Company designs, manufactures and markets physical electronic security systems for high profile, high threat environments utilizing risk assessment and analysis to determine and address the security needs of its customers. Teaming agreements with major system integrators enable ECSI to support the installation and aftermarket of its products in the U.S. and overseas. ECSI is located at 790 Bloomfield Avenue, Bldg. C-1, Clifton, NJ 07012. Tel: 973-574-8555; Fax: 973-574-8562. For more information on ECSI and its customers, please visit http://www.ecsiinternational.com.
ECSI INTERNATIONAL, INC. SAFE HARBOR STATEMENT: This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, acceptance of our proposals, sufficiency of working capital, receipt and timing of collections from purchase orders, the availability of working capital, changes in economic conditions generally and in our industry specifically, changes in security technology, legislative or regulatory changes that affect us, changes in costs and the availability of goods and services, the introduction of competing products, changes in our operating strategy or development plans, sufficiency of cash reserves and the risks and uncertainties discussed under the heading “RISK FACTORS” in Item 1 of our Annual Report on Form 10-K for the fiscal year ended June 30, 2009 and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.
